Vmade Launched Cooperation With Skyee to Build a New Global Payment Experience For Customers

Rhea-AI Summary

WeTrade Group Inc. (NASDAQ: WETG) has announced a strategic partnership between its ally, Vmade Tech PTE. LTD, and Skyee, a provider of cross-border ecological payment services. This collaboration aims to enhance cross-border fund management for e-commerce enterprises, thereby improving payment experiences globally. Skyee, recognized for its award-winning services, offers solutions like B2B foreign trade collection and round-the-clock foreign exchange management. The partnership will leverage WTPay's capabilities to expedite global payment processes, facilitating operations in over 100 countries.

Positive

• Collaboration with Skyee enhances WeTrade's cross-border payment services.
• Skyee has won multiple awards, indicating strong market credibility.
• WTPay supports T+0 fund collection for faster transactions.

Negative

• None.

BEIJING, March 2, 2023 /PRNewswire/ -- WeTrade Group Inc. ("WeTrade" or the "Company") (NASDAQ: WETG), a global diversified "software as a service" ("SaaS") technology service provider committed to providing technical support and digital transformation tools for enterprises across multiple industries, today announced that its strategic partner Vmade Tech PTE. LTD ("Vmade") has launched cooperation with Skyee, a cross-border ecological payment service provider, to jointly provide customers with safe and convenient cross-border fund management services and create a new global payment experience.

As a cross-border ecological payment service provider, Skyee is one of the first batch of Amazon's PSPP payment service providers, and a member enterprise of Lakala, the first A-share listed third-party payment company in China. It mainly provides safe, reliable and convenient cross-border fund management services to cross-border e-commerce enterprises, including B2C cross-border collection, B2B foreign trade collection, 7/24 foreign exchange management, supplier clearing, RMB withdrawal and factoring financing. Skylee aims to provide effective capital flow management, reduce payment costs and enhance global competitiveness for Chinese enterprises going overseas.

Since its establishment, Skyee has won the Fengming Award for China's cross-border e-commerce twice, and has won many other awards, including the AAA Asia Award of the Treasury, one of the most credible awards in the Asian investment community, and was recognized as a national high-tech enterprise in 2019. At the same time, Skyee is subject to multiple international regulations. It owns MSB and MSO licenses, employs global TOP5 accounting firms to conduct comprehensive audits every year, and uses the Accuity risk control database to align itself with global mainstream industry standards. Skyee adheres to the core principle of protecting user information and capital security, and has always demand its own technology and operation team of  ensuring the capital security and compliance of businesses and users based on the top international security standards, so as to build all development on the basis of security.

Skyee Card is a product that Skyee, through reorganizing and defining cross-border payment scenarios, works with card issuers to launch online merchant payment products that support Visa and MasterCard. Skylee Card solves the overseas multi-frequency and fragmented payment needs of cross-border e-commerce enterprises, and effectively helps Chinese enterprises go overseas to reduce costs and increase efficiency. Tianyi Card is a global collection, payment and exchange network and virtual card intelligent network management based on API services, which allows customers to process global funds in a one-stop way with fast, high success rate and economic benefits.

Vmade is a partner of WeTrade Group, which authorizes Vmade to implement the commercial application of WTPay technology in the world. Vmade can quickly respond to customer needs, not only providing independent site building services for cooperative customers, but also providing integrated cross-border private domain growth solutions for cooperative merchants from multiple dimensions such as global supply chain connection, marketing customer acquisition, customer transformation, compliance management, and cross-border payment.

WTPay is a cross-border financial service platform, which provides the fastest T+0 cross-border trade supply chain fund collection service for cross-border shipping enterprises. WTPay connects resources in more than 100 countries and eight mainstream currencies, and establishes cooperative alliances with more than 15 payment companies around the world to help customers quickly carry out global collection and payment business. As of today, WTPay has been promoted and put into trial operation in the United States, Singapore, Australia, the Philippines, Indonesia and other places.

The cooperation between Vmad and Skyee will provide a better global payment experience in the field of cross-border e-commerce, bring new payment options for cross-border e-commerce enterprises, and jointly create a new blueprint for global payment.

About WeTrade Group Inc.

WeTrade Group Inc. is a global diversified "software as a service" ("SaaS") technology service provider which is committed to providing technical support and digital transformation tools for enterprises across different industries. The four business segments of WeTrade Group are YCloud, WTPay ,Y-Health and YG.

YCloud is a micro-business cloud intelligent system launched by WeTrade, serving global micro-business industry. YCloud strengthens users' marketing relationship and CPS commission profit management through leading technology and big data analysis. It also helps increase the payment scenarios to increase customers' revenue by multi-channel data statistics, AI fission and management as well as improved supply chain system.

Independently developed by the Company, WTPay supports multiple methods of online payment and eight mainstream digital wallets in over 100 countries to help customers quickly realize global collection and payment business.

Y-Health is the sector focusing on public health business, which engages in developing global business for biological health and medical enterprises. Currently, Y-Health mainly focuses on detection and prevention of epidemic, daily healthcare, traditional Chinese medicines, and others.

YG is the new energy business segment which mainly provides tools and technical support for the digital new energy industry in the Middle East and Central Asia.

For more information, please visit https://ir.wetg.group.

Forward-Looking Statements

This press release contains information about the Company's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company's encourages you to review other factors that may affect its future results in the Company's annual reports and in its other filings with the Securities and Exchange Commission.

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SOURCE WeTrade Group INC

FAQ

What is the partnership between Vmade and Skyee regarding WeTrade Group?

Vmade and Skyee are partnering to offer enhanced cross-border fund management services for e-commerce enterprises.

How does WTPay improve cross-border transactions for WeTrade Group?

WTPay provides T+0 fund collection services, which expedite cross-border trade transactions.

What recognition has Skyee received in the payment industry?

Skyee has won the Fengming Award and multiple other accolades for its cross-border e-commerce services.

In how many countries is WTPay operational?

WTPay has operations in over 100 countries.

What services does Skyee offer to cross-border e-commerce enterprises?

Skyee offers services including B2C cross-border collection, B2B foreign trade collection, and multi-currency payment management.